Vietnam's FDI forecast bright as investors set up new supply chains

Workers at a factory at the Tân Thuận Industrial Park in HCM City. - VNA/VNS

HO CHI MINH CITY (Vietnam News/ANN): Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.

HCM City has, for instance, exceeded this year’s FDI target despite the Covid-19 pandemic, racing to more than US$591 million in the first 10 months, a 7 per cent increase from the same period last year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).